Canadian Fintech Firm Nuvei Completes Acquisition of Paya

Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI), the Canadian fintech company, announces that it has completed its $1.3 billion acquisition​ of Paya Holdings Inc. ("Paya") (Nasdaq: PAYA), a US-based leading provider of integrated payment and commerce solutions. 

Paya amplifies Nuvei's existing growth strategy and expands its reach into new underpenetrated and non-cyclical verticals where Nuvei's proprietary technology is well positioned to accelerate customer growth.

Nuvei and Paya are highly complementary with respect to geographies, capabilities to offer to customers and partners, and the end-markets and verticals that each currently serve.

Nuvei Chair and CEO Philip Fayer commented: "This is an important milestone for Nuvei as we continue to build a preeminent payment technology provider with strong positions in global eCommerce, Integrated Payments and B2B. I'm thrilled to officially welcome our new colleagues from Paya to the Nuvei family. We have been working diligently on our integration planning, and we are ready to begin the next step on this exciting journey as a single, unified team."